Doha: Deposit rates at Qatar National Bank (QNB) have seen adjustments as issued on Sunday, reflecting changes across various currencies.

According to Qatar News Agency, the rates for deposits in US Dollars (USD) start at 4.32438% for a one-month term, slightly decreasing to 4.06785% for a twelve-month term. For the Japanese Yen (JPY), the rates begin at 0.30000% for one month, rising to 0.60000% for twelve months. The Swiss Franc (CHF) rates fluctuate, starting at 0.01000% for one month and dropping to -0.12000% for a year. Meanwhile, the British Pound (GBP) rates vary from 4.20000% for a one-month duration to 4.35000% for a twelve-month duration.

The rates for the Qatari Riyal (QAR) are set at 4.85000% for a one-month deposit and decrease to 4.50000% for a twelve-month period. Saudi Riyal (SAR) deposit rates range from 4.90000% for one month to 4.80000% for twelve months. The United Arab Emirates Dirham (AED) starts at 2.05000% for a one-month term and increases to 3.15000% for a year-long term. Lastly, the Bahraini Dinar (BHD) rates are set at 5.26000% for a one-month duration, eventually decreasing to 4.59000% for a twelve-month term.

These deposit rate changes by QNB are part of the ongoing adjustments in the financial landscape, reflecting the bank’s strategic response to global and regional economic conditions.